When you’re out job hunting, there are many benefits you have to consider before accepting an offer. Nowadays, wages alone aren’t enough when trying to lure in new employees, let alone retaining them. When interviewing for a new job, asking about benefits should be at the top of your list.
It’s not just health insurance and paid vacation you should keep an eye out for, but also 401(k) plans. Surprise, surprise, these aren’t made equal. What one company is willing to offer may be vastly different from a different company’s package.
In May 2019, research shows that employers contributed around 4.7% of employers’ salaries to their 401(k) in the first quarter of 2019. Though it may not sound like much, this was actually a record high.
When you’re on the fence between job offers, check how much that company is willing to contribute to your 401(k). Some may contribute higher percentages. Profit-sharing might also be on the table for some companies, but not all. All these things should help you decide which company to join for a better financial future.
Ready to look at companies with the best 401(k) plans?
AAA Club Alliance
According to Glassdoor, AAA Club Alliance is one of the best companies in the U.S. when it comes to benefits. How? Well, first off, they match employee contributions to 401(k) plans at 7%, significantly more than other employers.
On top of that, they also offer four weeks of paid time off and paid holidays. If you plan on getting extra training, they offer a paid training and tuition reimbursement program too. It might be time to check out if they have any open positions for you, huh?
This is a good place to work if you’re looking for a good balance of vacation time, meaning benefits that will help you in the now, and a competitive 401(k) offer that will help your finance in the long run.